Get Involved in 2020!

GreenPearl would like to thank everyone who attended the Brooklyn Real Estate Summit presented by JLL for its 9th successful year. On March 8th, Brooklyn’s most active developers, investors, owners, and operators gathered to explore new opportunities and resolve key obstacles in one of New York City’s most complex real estate markets.

Brooklyn’s most dynamic players, including Michael Stern, CEO of JDS Development Group, and Scott Rechler, CEO of RXR, two of the borough’s most active and influential real estate leaders, spoke during the conference. Among their many notable works, Stern is currently developing what will be Brooklyn’s tallest building, and Rechler has plans for a 10-building redevelopment just outside the Navy Yard.

Special features of this year’s conference included:

Detailed analysis of Brooklyn’s recent development and investment activity

Agenda at a Glance

This presentation provides the latest updates to Federal, State and Local Energy & Specialty Tax Credits and Incentives, also provides clarity to the design, qualification and certification process to maximize results and cost savings on Purchases, Renovations, Improvements and New Construction projects. You will understand how to capture and best utilize Cost Segregation, New 100% Bonus Depreciation, Energy Tax Credits (like 179D for commercial buildings and 45L tax credits for residential multi-family projects). In addition, this presentation includes special information about the new Opportunity Zones, how they work and how to take advantage of their special tax status.

Presented by:

Mike D’Onofrio, Managing Director, Engineered Tax Services

9:00 AM

Welcome Remarks

9:05 AM

Morning Keynote

As one of New York City’s most active real estate developers, Michael Stern is no stranger to tackling big projects. 9 Dekalb, the tallest building ever to be built in the Brooklyn skyline, is one of them. During a candid keynote discussion, hear from Mr. Stern on the significant challenges and hard-won lessons attached to structuring a project of this magnitude, what 9 Dekalb represents for the borough, what did investors see in the project, and how real estate developers can execute projects that transform Brooklyn without sacrificing the rich details that make it one of the most unique places to live, work and thrive.

Bob Knakal will present the current state of the Brooklyn market, comparing and contrasting trends across the borough with Manhattan, Queens, the Bronx and similar hot sub markets. Bob will delve into key trends on transactions, financing, development, condo sales and rental rates. Get the skinny on the key metrics affecting your real estate business.

10:05 AM

The “311”: Local Players Discuss the State of the Market

While Brooklyn’s red hot real estate market of 2013-2015 have come and gone, the forecast remains strong. With culturally diverse neighborhoods, energetic residents, increasing incomes, unique landmarks and access to public transportation, the borough continues to be an attractive market for investors and developers. New large-scale projects and neighborhood expansion are strong indications of vast untapped opportunities, yet the market isn’t without its challenges. Sky high land prices, stagnating rent prices and steep construction costs are creating a difficult investment and development environment. Hear from leaders who own, invest in and develop residential, office, and retail assets as they share their perspectives on the current state and future forecast of Brooklyn’s real estate market.

Too Much of a Good Thing: What are the positive and negative effects of mega-projects upon nearby real estate and infrastructure?

Build It and They Will…Think About It: What works / doesn’t work in the Brooklyn office market today?

Under Retailed: Which retailers should you seek out for your space in today’s challenging retail marketplace?

The Next “Big Thing”: How do you take advantage of Opportunity Zones before the door closes?

Uneasy Relationship: How do you make the most of government and community relations?

Moderated by:

Darya Shneyder, Senior Manager, Marks Paneth

Panelists:

Andrew Chung, Managing Principal, Innovo Property Group

Chris Conlon, EVP & COO, Arcadia Realty Trust

Dov Hertz, Founder, DH Property Holdings

David Schwartz, Principal, Slate Property Group

10:45 AM

Networking Break

11:30 AM

Around the Corner: Neighborhoods on the Rise

With Manhattan’s diminishing development opportunities and increasing land costs, many real estate investors are eyeing Downtown Brooklyn and Williamsburg for new opportunities. Meanwhile neighborhoods like Long Island City, Greenpoint, Ditmas Park, Crown Heights Prospect-Lefferts Gardens and Bedford-Stuyvesant have seen a large increase in buying and renovation activity, but new opportunities bring new obstacles. Hear from key players in Brooklyn real estate as they share their thoughts on key challenges, such as:

Amazon HQ1.5: What does Amazon’s new “headquarters” mean to Long Island City and Brooklyn?

Brooklyn North: Where are the best deals to be found in Long Island City?

Needles in Haystacks: Which neighborhoods have the highest growth potential?

Stand Clear of the Closing Doors: What can we expect in terms of infrastructure and transportation improvements?

The Bedrock of Brooklyn: How to take advantage of neighborhood strengths?

Moderated by:

Stephen Palmese, Vice Chairman, JLL

Panelists:

David Ennis, Founder & Principal, Daten Group

Benji Kohn, Managing Member, Brooklyn Standard Properties

Andrew Moelis, Principal, Camber Property Group

Jonathan Simon, Chairman & CEO, Simon Baron

12:15 PM

The Residential Review: A Rental and Condo Market Report

Brooklyn’s rental market is brimming with concerns – elevated land costs, softening prices, concessions and construction headaches, among others. Nonetheless, real estate developers keep building, as new apartment units enter the market and large-scale projects continue to be announced. Tap into compelling insight from the borough’s leading residential developers and investors, and put your finger on the pulse of the rental and condo markets and what’s on the horizon for Brooklyn in 2019, 2020 and beyond.

Breaking the Glass Ceiling: What does going over the 1 million home price average mean to the condo market?

I Concede: How aggressive should you be to win new rental tenants?

On the Ground Floor: How do successfully integrate retail into your building?

Living in Harmony: How can developers work together with the community to create a perfect “Brooklyn” experience?

Developing a Better Bottom Line: What are developers doing to keep costs down?

With nearly 2 million square feet of development in the pipeline, few developers have a more active presence in Brooklyn’s real estate market than RXR. Join market legend Scott Rechler as he dissects his perspective on Brooklyn’s development forecast and discusses his future projects. The session includes a compelling look at Mr. Rechler’s major redevelopment of LIU’s campus in Downtown Brooklyn, a 300+ residential unit in Fort Greene, a 650k sf 470 Vanderbilt office building and the 10-building creative office hub across from the Brooklyn Navy Yard.

We believe in the magic that happens when the smartest, boldest minds come together resulting in business growth and industry evolution. We build high-value events that foster relationships, tap into intellectual wisdom, promote authentic interaction and create success for our clients.